Question
Wombat Ltd is a large company that needs additional funds to supplement its working capital. It decides to issue additional shares to investors to raise
Wombat Ltd is a large company that needs additional funds to supplement its working capital. It decides to issue additional shares to investors to raise those funds. Under what scenario below would Wombat Ltd be most likely need to provide disclosure under Chapter 6D of the Corporations Act 2001 (Cth)?
a. Wombat Ltd is issuing 10 000 000 shares at $1.50 each to the public with no minimum subscription amount.
b. Wombat Ltd is raising $1.5 million over a 12-month period to 5 investors.
c. Wombat Ltd is issuing 10 000 000 shares at $1.50 each to the public with a minimum subscription amount of $750 000.
d. Wombat Ltd is issuing $100 000 000.00 in debentures to several very large banks located in Australia.
e. Wombat Ltd is issuing 10 000 000 shares at $1.50 to Wombat Ltd's Managing Director, Chief Financial officer and their respective spouses.
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